Hammer Metals Extends Kalman Deposit Via Shallow Copper-Gold-Molybdenum Hits

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) had a tale to tell attendees on Day One of the 2022 RIU Explorers Conference regarding recent drilling results from the company’s 100 per cent-owned Kalman deposit located outside Mt Isa in Queensland.

Hammer Metals’ recent drilling of Kalman intercepted broad zones of shallow copper/gold/molybdenum/rhenium mineralisation, extending the deposit to the north of its existing JORC resource.

Hammer described Kalman as being one of the few polymetallic deposits in Queensland to contain substantial molybdenum and rhenium in addition to copper and gold.

“Kalman remains Hammer’s most advanced prospect and these results highlight the latent potential in immediate proximity to the project,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Drilling has improved confidence in the defined JORC resource and has also opened up the deposit to the North at shallow depths, whilst the high-grade potential of the system remains open at depth and along strike to the South.

“In an environment of rising metal prices and with a surge in demand for new economy metals, Hammer is presented with an immediate opportunity to further explore Kalman focussing on increasing the potential economic return from this system.

“Combined with continued exploration success near this deposit, the underlying potential of the Mount Isa Inlier region is finally garnering the investor and industry interest it deserves.

“Hammer is positioned for success through the advancement of our JORC compliant resources and our numerous exploration prospects during the coming year.

“Drilling continues at our prospects and within the Mount Isa East Joint Venture providing a solid stream of exploration news in the months ahead.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

AuTECO Minerals Increases Pickle Crow Resources

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THE DRILL SERGEANT: AuTECO Minerals (AUT: ASX) greeted 2022 RIU Explorers Conference punters with news of a 30 per cent increase in the Inferred Mineral Resource estimate (MRE) at the company’s Pickle Crow project in Canada.

AuTECO Minerals reported the MRE had increased to 2.23 million ounces at a grade of 7.8 grams per tonne gold.

This estimate comprises a high-grade quartz vein component of 1.92 million ounces at 9.3g/t and a broader near-surface alteration/banded iron hosted mineralisation style that contains 304,000 ounces at a grade of 3.8g/t.

“Pickle Crow has joined an exclusive club of global gold companies with a resource base of more than two million ounces in a tier-one location,” AuTECO Minerals executive chairman Ray Shorrocks said in the company’s ASX announcement.

“It speaks volumes about the quality of the Pickle Crow system that we added more than half-a-million ounces to the resource in just six months and at a cost of less than $20 per ounce.

“This means we have created substantial value for shareholders and also demonstrates the immense potential for ongoing increases in the inventory.”

AuTECO is now ramping up drilling to test some of the early-stage regional targets on the tenure managed by the company in the Pickle Lake district.

Three drill rigs are currently engaged on early-stage regional programs, with results expected in the June quarter.

 

 

Email: info@autecominerals.com

 

Web: www.autecominerals.com

 

Miramar Resources Upgrades Glandore Gold Footprint

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) took time out from setting up the company booth on day one of the 2022 RIU Explorers Conference to announce further aircore results from its 100 per cent-owned Glandore project, in the Eastern Goldfields region of Western Australia.

Miramar resources explained the latest new results, from resplits of holes from the Phase 1 aircore drilling campaigns, have upgraded the large gold footprint previously outlined by the company, with multiple holes ending in >0.25g/t gold including:

GDAC007
9 metres at 0.56 grams per tonne gold from 46m, including 2m at 1.4g/t gold;

GDAC037
6m at 0.78g/t gold from 12m, including 3m at 1.35g/t gold; and

GDAC157
9m at 0.78g/t gold from 48m, including 2m at 2.94g/t gold.

The company believes the drilling has demonstrated the existence of a substantial gold system under the lake at Glandore, which had not previously been recognised.

“Historical drilling focussed on the eastern margin of the granodiorite intrusion, where the high-grade diamond drill hole results are seen, but did not test the intrusion itself,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Gold mineralisation at the nearby Majestic and Trojan deposits is hosted in NE-striking structures within small granitic intrusions similar to the geological setting at Glandore.”

“We believe the results to date indicate the presence of at least one of these NE-trending mineralised structures within the granodiorite pluton extending over a significant strike length.”

Miramar is now preparing a diamond drilling program at the Glandore East prospect, where historical diamond drilling intersected numerous high-grade veins.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Codrus Minerals Scores High-Grade Drill Results at Red Gate Gold Project

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THE DRILL SERGEANT: On the eve of the 2022 RIU Explorers Conference, Codrus Minerals (ASX: CDR) reported encouraging initial assay results from a maiden Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Red Gate gold project in Western Australia.

Codrus Minerals’ Red Gate project is located just north of Kalgoorlie in WA’s Edjudina mining district, immediately along strike from Northern Star Resources’ Porphyry Mining Centre.

Approximately sixty percent of the assays from the drill program have been returned so far with the remainder expected in the coming weeks.

Results received to date, include:

RGRC002
23m at 3.82 grams per tonne gold from 14m down-hole, including 5m at 14.29g/t gold from 27m;

RGRC003
1m at 5.75g/t gold from 15m down-hole and 24m at 1.04g/t gold from 42m down-hole; and

RGRC011
1m at 21.35g/t gold from 80m down-hole.

“We are pleased to announce the results of our maiden drill program at Red Gate,” Codrus Minerals managing director Shannan Bamforth said in the company’s ASX announcement.

“The results not only confirm the style and tenor of mineralisation at the Porphyry West prospect but have also identified additional new areas for the company to pursue.

“We are pleased to be able to report such strong results from our first expansive gold drilling program in WA, and we are looking forward to getting back into the field to resume drilling once we finalised a comprehensive interpretation of our latest results for the full drill program.

“The results to date confirm that Red Gate is a project with significant potential.

“Given its location in a Tier-1 mining district close to several major operating mines, this is a project that is very much front and centre of our portfolio as a focus for follow-up exploration in 2022 and beyond.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@codrusminerals.com.au

 

Web: www.codrusminerals.com.au

 

Alto Metals Encounters Broad Gold Mineralisation at Indomitable

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THE DRILL SERGEANT: Before the 2022 RIU Explorers Conference had even began, Alto Metals (ASX: AME) reported gold results from drilling completed at the end of last year at the company’s 100 per cent-owned Sandstone project in Western Australia.

Alto Metals carried out the extensional drilling at the Indomitable deposit that forms part of the Indomitable Camp, which is currently defined over a two kilometres strike length and is hosted within the +20km NW/SE Indomitable/Vanguard/Havilah Trend that forms part of Alto’s priority ‘Alpha Domain’ target area.

Multiple, broad zones of gold mineralisation were intersected from shallow depths in step‐out RC drilling at the Indomitable Camp located approximately 15km north‐west of the Lords Corridor.

Latest results include:

SRC 574
21 metres at 2 grams per tonne gold from 46m, including 1m at 14.9g/t gold from 61m and including 1m at 6.3g/t gold from 66m, and 11m at 2.5g/t gold from 92m, including 2m at 7g/t gold from 93m; and

SRC 571
15m at 2.2g/t gold from 44m, including 2m at 13.2g/t gold from 45m and 25m at 1.2g/t gold from 65m, including 1m at 11.5g/t gold from 71m.

RC drilling has also intercepted wide zones of lower grade ‘halo’ mineralisation along strike, to the north‐ west and south‐east, of the main structural trend, including:

SRC 561
21m at 0.8g/t gold from 125m, including 10m at 1g/t gold from 136m.

“At Indomitable we have now defined mineralisation over a strike length of 500 metres, with numerous broad intersections of strong gold mineralisation, encountered from shallow depths, which remain open at depth and along strike,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Such an unusually deep weathering profile suggests the mineralisation structures at the Indomitable deposit are long‐lived and extensive, which is encouraging as it indicates the potential for a much larger system.

“RC drilling is planned to commence in the next few weeks, we are looking forward to the results of the IP and gravity surveys and our mineral resource update remains on track for this quarter.

“Our systematic approach to exploration is continuing to deliver and we are excited about what the year ahead can deliver.”

 

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

Kin Mining Confirms Mt Flora Gold Discovery

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) will be eager to chat at the 2022 RIU Explorers Conference next week having received assay results from the first eight reverse circulation (RC) drill holes completed at the Mount Flora project, located 20 kilometres east of the company’s 100 per cent‐owned 1.28-million-ounce Cardinia gold project (CGP) near Leonora in Western Australia.

Kin Mining declared the drilling confirmed the presence of a high‐grade primary gold system beneath previous air‐core drilling, which it described as a “significant development”, as it provides further confidence in the potential of the emerging Mt Flora discovery.

Assays for the first eight RC drill holes targeting the primary zone at Mt Flora, included:

MF21RC017
18 metres at 1.57 grams per tonne gold from 119m, including 4m at 2.23g/t gold from 119m and 2m at 5.65g/t gold from 135m; and

MF21RC026
22m at 0.86g/t gold from 102m, including 3m at 2.4g/t gold from 102m and 2m at 2.35g/t gold from 122m.

“We’re building an increasingly detailed understanding of the mineralisation at Mt Flora, with these initial RC holes providing further confirmation of the deeper, primary gold mineralisation as well as enhancing our broader geological model,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“These latest results support our view that the Mt Flora Eastern Zone contains several mineralised lodes, providing further confirmation of Mt Flora’s potential to emerge as an important new gold discovery 20 kilometres east of the main Cardinia Gold Project.

“Assays are now eagerly awaited for the remaining 2,083 metres of RC drilling completed at Mt Flora as part of this program to confirm the extent of the high‐grade mineralisation in both the near‐surface and primary environment to the north and south of section 6817710mN.

“Visual inspection of the RC drill chips shows that the drilling has successfully intersected the interpreted zones of mineralisation, with sulphide and scheelite logged in numerous holes.”

 

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Carnaby Resources Continues Nil Desperandum Run

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THE DRILL SERGEANT: Carnaby Resources (ASX: CNB) will be looking for attendees at the 2022 RIU Explorers Conference to report on further exploration hits at the company’s copper gold discovery at the Nil Desperandum prospect within its Greater Duchess copper gold project in Mt Isa, Queensland.

The company reported RC drill hole NLRC069 intersected a 70 metres down hole zone of copper sulphide mineralisation from 195m, containing from 1 to 18 per cent chalcopyrite based on visual estimates with results pending.

RC drill hole NLRC067 intersected a 63m down hole zone of copper sulphide mineralisation from 169m, also containing from 1 to 18 per cent chalcopyrite based on visual estimates with results pending.

Carnaby now has extensive drilling and IP surveys underway focussing on the Lady Fanny target.

“The Nil Desperandum discovery continues to grow,” Carnaby Resources managing director Rob Watkins said in the company’s ASX announcement.

“The continuity of the wide zones of copper mineralisation is excellent and the copper grades are clearly increasing at depth to the southernmost hole drilled which intersected 41 metres at 4.1 per cent copper in NLDD044.

“While we must wait to complete heritage surveys before we can target the IP anomalies over 400 metres strike southwest of NLDD044, we have no shortage of quality drill targets to pursue at the Lady Fanny prospect, where six lines of IP are in progress targeting below shallow drill results of up to 27 metres at 2.8 per cent copper, 0.8 grams per tonne gold in LFRC009.

“We eagerly await results from drilling at Nil Desperandum and IP geophysics from Lady Fanny.”

 

 

 

Email: info@carnabyresources.com.au

 

Web: www.carnabyresources.com.au

 

Ardea Resources Encounters High-Grade Nickel-Cobalt from Highway Metallurgical Drilling

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) already had plenty to tell investors at the 2022 RIU Explorers Conference, but now there’s more after it reported on recent diamond drill core drilling that it says confirms high-grade near surface nickel-cobalt mineralisation at the Highway nickel-cobalt deposit.

The company said the results validate mineralisation models used in generating the Highway resource estimate.

The Highway deposit is a key proposed satellite plant feed source for Ardea’s Kalgoorlie nickel project – Goongarrie hub.

Intercepts at 0.5 per cent nickel and 1 per cent nickel cut-off grades include:

AHID0002
42 metres at 0.77 per cent nickel and 0.11 per cent cobalt from 2m, including 12m at 1.01 per cent nickel and 0.22 per cent cobalt from 16m and 6m at 1 per cent nickel and 0.04 per cent cobalt from 38m; and

AHID0003
36m at 0.95 per cent nickel and 0.08 per cent cobalt from 2m, including 24m at 1.11 per cent nickel and 0.1 per cent cobalt from 4m.

“The core drilling at Highway was the first field test of the KNP low-carbon flowsheet model,” Ardea Resources managing director Andrew Penkethman said in the company’s ASX announcement.

“It was important for confirming the expectation that high-magnesium mineralisation is suitable as an Atmospheric Leach (AL) feed and uniformly underlies the premium goethite High Pressure Acid Leach (HPAL) feed.

“The 2021 diamond drilling (DD) program supports Ardea’s modelling that Highway is particularly endowed with AL material.

“AL material is especially important to the low-carbon flowsheet as this helps enable the on-site acid plant to be expanded to generate excess steam which is used for off-grid power generation.

“The Highway DD program tested well below the depth of historic RC drilling.

“In terms of Mineralised Neutraliser, from our detailed core logging, the neutraliser will be an extensive sheet below the AL feed at the base of conventional open pits.

“It appears to be of a cave-fill mineralisation style within saprock.

“In a production situation, this material would best be defined by grade control drilling from the base of pit floor, and mined as “goodbye cuts”.

“With the Highway geological model now confirmed, we eagerly await the results of the ALS benchscale metallurgy, testing the Highway flowsheet model.

“These results will feed into ongoing DFS work flows and continue to enhance the KNP Goongarrie Hub as a globally significant source of sustainable and ethical minerals to fuel the battery revolution.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: ardea@ardearesources.com.au

 

Web: www.ardearesources.com.au

 

Brett Wallace Recharge Metals (ASX: REC) February 2022

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Recharge Metals (ASX: REC) listed in October 2021 and has already completed a 20 hole drill program at the company’s Brandy Hill South copper project. Recharge managing director Brett Wallace zoomed into The Resources Roadhouse to report on results received to date.

Luke Mortimer Kalamazoo Resources (ASX: KZR) February 2022

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Kalamazoo Resources (ASX: KZR) has plenty to work with at present with gold and lithium in Western Australia and its further gold projects in Victoria. Kalamazoo exploration manager Luke Mortimer zoomed into The Resources Roadhouse to give us the low down on the company’s recent advances.